Modern Dental Group Limited (HK:3600)
:3600
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Modern Dental Group Limited
(3600)
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Rating:77Outperform
Price Target:
HK$7.00
▲(28.91% Upside)
Action:ReiteratedDate:04/26/26
Score is driven mainly by strong and improving financial performance (margin expansion, declining leverage, and strong free cash flow) and supportive valuation (low P/E with a dividend). This is tempered by weaker near-term technical momentum, with the stock below key short-term moving averages and subdued RSI/Stoch readings.
Positive Factors
Sustained margin expansion
Material margin expansion from 2022 to 2025 indicates durable improvements in pricing, mix and operational efficiency. Higher EBIT and net margins create recurring cash cushion that supports reinvestment, dividend capacity and resilience to cost shocks over the next several quarters.
Negative Factors
Historical revenue/margin volatility
Past swings, including the 2022 revenue and margin dip, indicate the business is somewhat sensitive to demand, pricing mix or operational disruptions. That cyclicality complicates multi-quarter forecasting and means earnings and investment plans could face recurring variability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained margin expansion
Material margin expansion from 2022 to 2025 indicates durable improvements in pricing, mix and operational efficiency. Higher EBIT and net margins create recurring cash cushion that supports reinvestment, dividend capacity and resilience to cost shocks over the next several quarters.
Read all positive factors
Modern Dental Group Limited (3600) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.56B
Dividend Yield3.65%
Average Volume (3M)704.15K
Price to Earnings (P/E)4.0
Beta (1Y)0.40
Revenue Growth11.07%
EPS Growth48.01%
CountryHK
Employees7,106
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.33
Shares Outstanding934,850,000
10 Day Avg. Volume687,288
30 Day Avg. Volume704,147
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)1.52
Price to Sales (P/S)1.34
P/FCF Ratio7.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.66
Revenue Forecast (FY)HK$4.13B
Modern Dental Group Limited Business Overview & Revenue Model
Company Description
Modern Dental Group Limited, an investment holding company, engages in production and distribution of dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally. It operates through three segments: Fixed Pros...
How the Company Makes Money
Modern Dental Group primarily makes money by producing and selling dental prosthetic restorations to dental professionals (dentists/clinics) and dental laboratories. Its core revenue stream is fees charged per case/work order for custom-made resto...
Modern Dental Group Limited Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.74B | 3.36B | 3.17B | 2.83B | 2.96B |
| Gross Profit | 2.08B | 1.80B | 1.70B | 1.38B | 1.55B |
| EBITDA | 898.82M | 719.12M | 696.64M | 464.09M | 627.01M |
| Net Income | 596.97M | 408.00M | 404.10M | 220.46M | 360.82M |
Balance Sheet | |||||
| Total Assets | 4.54B | 4.07B | 3.95B | 3.54B | 3.66B |
| Cash, Cash Equivalents and Short-Term Investments | 767.24M | 816.83M | 697.69M | 447.72M | 638.00M |
| Total Debt | 654.11M | 924.22M | 852.20M | 788.19M | 833.09M |
| Total Liabilities | 1.24B | 1.35B | 1.31B | 1.21B | 1.30B |
| Stockholders Equity | 3.29B | 2.72B | 2.63B | 2.32B | 2.35B |
Cash Flow | |||||
| Free Cash Flow | 691.12M | 379.37M | 416.04M | 53.36M | 369.27M |
| Operating Cash Flow | 763.10M | 521.19M | 575.76M | 238.72M | 510.72M |
| Investing Cash Flow | -278.13M | -145.47M | -154.96M | -227.55M | -142.65M |
| Financing Cash Flow | -575.66M | -227.70M | -173.64M | -201.79M | -452.12M |
Modern Dental Group Limited Technical Analysis
Positive
5.43
Price Trends
6.01
Positive
5.66
Positive
5.30
Positive
Market Momentum
0.11
Positive
50.38
Neutral
54.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3600, the sentiment is Positive. The current price of 5.43 is below the 20-day moving average (MA) of 6.28, below the 50-day MA of 6.01, and above the 200-day MA of 5.30, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 50.38 is Neutral, neither overbought nor oversold. The STOCH value of 54.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3600.
Modern Dental Group Limited Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$5.56B | 4.00 | 16.76% | 3.65% | 11.07% | 48.01% | |
74 Outperform | HK$1.75B | 19.04 | 3.68% | 7.46% | 7.11% | -36.08% | |
72 Outperform | HK$25.95B | 20.07 | 21.02% | 0.63% | 6.10% | 16.67% | |
69 Neutral | HK$8.18B | 20.75 | 11.20% | ― | 25.24% | 7.29% | |
66 Neutral | HK$15.53B | 45.44 | 4.03% | ― | ― | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
HK:3600
Modern Dental Group Limited
6.08
2.07
51.73%
HK:1358
PW Medtech Group Ltd.
1.20
0.28
30.15%
HK:1501
Shanghai Kindly Medical Instruments Co., Ltd. Class H
39.10
11.95
44.01%
HK:2276
Shanghai Conant Optical Co. Ltd. Class H
51.05
28.00
121.48%
HK:6699
Angelalign Technology Inc.
89.75
41.69
86.75%
Modern Dental Group Limited Corporate Events
Modern Dental Calls 2026 AGM, Seeks Dividend Payout and New Share Mandates
Apr 23, 2026
Modern Dental Group Limited has called its annual general meeting for 28 May 2026 in Hong Kong to present its audited financial statements for the year ended 31 December 2025 and seek shareholder approval for a final dividend of HK$0.15 per share ...
Modern Dental Group Seeks Shareholder Nod for New Option Scheme After 2015 Plan Expires
Mar 26, 2026
Modern Dental Group Limited plans to adopt a new share option scheme following the expiry of its 2015 Share Option Scheme, which reached its 10-year term after the company’s listing. The previous scheme still has 23,250,000 outstanding optio...
Modern Dental Group posts record 2025 profits on digital push, lifts dividend
Mar 26, 2026
Modern Dental Group Limited, a Hong Kong-listed dental prosthetics specialist with key production bases in Thailand, Vietnam and Mainland China, continues to capitalise on industry-wide digitalisation to improve efficiency and service quality. Its...
Modern Dental Group Declares Final Dividend for FY2025
Mar 26, 2026
Modern Dental Group Limited has declared a final ordinary dividend of HK$0.15 per share for the financial year ended 31 December 2025, underscoring its intention to return cash to shareholders. The payout, subject to shareholder approval on 28 May...
Modern Dental Signals Strong 2025 Profit Surge on Growth and Acquisitions
Mar 16, 2026
Modern Dental Group Limited has issued a positive profit alert, indicating that its unaudited revenue for 2025 is expected to rise by roughly 9% to 12% to between HK$3.68 billion and HK$3.78 billion, driven by continued organic growth in Europe an...
Modern Dental Group Sets March Board Meeting to Approve 2025 Final Results and Consider Dividend
Mar 16, 2026
Modern Dental Group Limited has scheduled a board meeting for 26 March 2026 to review and approve the group’s audited final results for the financial year ended 31 December 2025, and to authorise their publication. The board will also consid...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.